#USOIL (WTI) Elliott Wave Analysis

#USOIL

WTI gapped to $100. Brent crossed $105. Trump called Iran's response "totally unacceptable." Netanyahu said the war is not over. Hormuz remains closed.

The noise is loud. The headlines are screaming. But we're not trading the news. We're trading the structure.

The contracting triangle on the 4H chart is still valid. A, B, C, D are in. This sharp move looks like the E leg arriving with the news.

Triangles often work this way. The loudest headline comes at the end of the correction, not the beginning of a new trend.

Our invalidation sits at 110.93. Below it, the bearish plan after E completes remains valid. Above it, we reread the count.

We wait for rejection at the upper trendline or a break of the lower one. Two confirmations. Nothing else.

Amateur traders are panic-buying the gap. Professional traders are watching the structure unfold exactly as mapped.

This is how we read the market.